STATES GRANTS (HOUSING ASSISTANCE) ACT 1977
No. 110 of 1977
An Act to authorize advances to
the States of financial assistance in connexion with housing and to authorize
the borrowing of certain moneys by the Commonwealth.
BE IT ENACTED
by the Queen, and the Senate and House of Representatives of the Commonwealth
of Australia, as follows:
Short
title
1. This Act may be cited as the States Grants (Housing Assistance) Act 1977.
Commencement
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
Repeal
3. The States Grants (Housing
Assistance) Act (No. 2) 1976 is repealed.
Interpretation
4. In this Act—
“Housing Agreement”, in relation
to a State, means—
(a) the agreement with that State executed in pursuance of the Housing
Agreement Act 1973, as amended by the agreement with that State executed in
pursuance of the Housing Agreement Act 1974; or
(b) if that agreement is subsequently amended by an agreement or
agreements the execution of which is authorized or approved by another Act—that agreement as so
amended;
“repealed Act” means the States
Grants (Housing Assistance)
Act (No. 2) 1976.
Advances
to States
5. The Treasurer may, during the period commencing on the date of
commencement of this Act and ending immediately before 1 July 1978, make
advances to a State, in accordance with the Housing Agreement with that State,
of amounts not exceeding in the aggregate the amount specified in Column 1 of
the Schedule opposite to the name of that State.
Authority
to borrow
6. (1) Subject to sub-section (2), the Treasurer may, during the
period commencing on the date of commencement of this Act and ending
immediately before 1 January 1979, in accordance with the provisions of the Commonwealth
Inscribed Stock Act 1911, or in accordance with the provisions of an Act
authorizing the issue of Treasury Bills, borrow moneys not exceeding in the
aggregate the sum of—
(a) the total amount of advances
that may be made to the States under this Act; and
(b) the expenses of borrowing.
(2) The aggregate amount of moneys that may be borrowed under
sub-section (1) of this section is reduced by the sum of any amounts borrowed
by the Treasurer in accordance with section 6 of the repealed Act for the
purpose of making payments to the States in accordance with section 8 of that Act.
Advances
made before commencement of Act
7. (1) An advance that was made to a State under section 8 of the
repealed Act before the commencement of this Act shall be deemed to have been
an advance made to that State under section 5 of this Act.
(2) An advance that was made to a State under section 5 of the Financial
Agreement Act 1928 on or after 1 July 1977, and before the commencement of
this Act, shall, if the Treasurer, with the concurrence of that State, so
determines, be deemed to have been an advance made to that State under section
5 of this Act.
Advances
to States for year 1978-79
8. The Treasurer may, during the period of 6 months commencing on 1
July 1978, make advances to a State, on such terms and conditions as he
determines, of amounts not exceeding in the aggregate the amount specified in
Column 2 of the Schedule opposite to the name of that State.
Advances
to be made out of Consolidated Revenue Fund or Loan Fund
9. Advances to a State under section 5 or 8 may be made out of the
Consolidated Revenue Fund or the Loan Fund.
Application
of moneys borrowed
10. Moneys borrowed under section 6 of this Act, and moneys borrowed
under section 6 of the repealed Act and not applied before the commencement of
this Act, shall be issued and applied only for the expenses of borrowing, for
the purpose of making advances to the States in accordance with section 5 or 8
of this Act and for the purpose of making payments to the Consolidated Revenue
Fund in accordance with section 11 of this Act.
Reimbursement
of Consolidated Revenue Fund from Loan Fund
11. (1) Where an amount has been paid out of the Consolidated Revenue
Fund under this Act or under the repealed Act, the Treasurer may authorize the
payment to that Fund, out of the Loan Fund, of an amount not exceeding the
amount so paid.
(2) In any statement prepared by the Treasurer under section 49 or
50 of the Audit Act 1901, amounts paid to the Consolidated Revenue Fund
under sub-section (1) of this section or under sub-section 11(1) of the
repealed Act shall not be shown as receipts of that Fund but shall be shown as having reduced the total of the amounts
expended from that Fund under this Act or the repealed Act, as the case may be.
(3) Where there has been a payment from the Loan Fund to the
Consolidated Revenue Fund under sub-section (1) in respect of an amount paid
out of the Consolidated Revenue Fund under this Act or the repealed Act, the
amount so paid out of the Consolidated Revenue Fund shall, for the purposes of
sections 9 and 10 of the National Debt Sinking Fund Act 1966, be deemed
to have been paid out of the Loan Fund.
Appropriation
12. The Consolidated Revenue Fund and the Loan Fund are appropriated
as necessary for the purposes of this Act.
SCHEDULE Sections
5 and 8
Column 1 | Column 2 |
1977-78 | 1978-79 |
$ | $ |
New
South Wales........................................................... | 128,011,000 | 64,005,500 |
Victoria........................................................................... | 101,759,000 | 50,879,500 |
Queensland..................................................................... | 39,810,000 | 19,905,000 |
South
Australia............................................................... | 58,460,000 | 29,230,000 |
Western
Australia........................................................... | 36,740,000 | 18,370,000 |
Tasmania......................................................................... | 25,220,000 | 12,610,000 |
390,000,000 | 195,000,000 |